Bank of Korea’s Key Interest Rate Left at 1.25%

November 10, 2016

The last change in the 7-day repo rate was a 25-basis point cut in June. Four earlier reductions were made between August 2014 and June 2015. CPI inflation accelerated to 1.3% in October from 0.4% in August, but the forecast of modest growth faces even more uncertainty than before, according to a released statement, because of the coming change in the U.S. government and a political scandal at home. President-Elect Trump’s campaign spoke of a need for countries that rely on U.S. defenses for protection to finance a share of that help. Trump also aims to pursue a more aggressive trade policy, threatening tariffs against countries whose own trade policies secure unfair competitive advantages.

Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



Comments are closed.